
3 Essex Rd Belmont — Photo 1 of 38
$2,399,000
Investment Analysis — 3 Essex Rd
Belmont, MA 02478 — Payson Park
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02478 carries an estimated $4,420/mo in gross rent — about a 0.78% cap rate and $18,798/yr in estimated NOI at the $2,399,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
4
SqFt
3,297
Style
Single Family
Built
1930
Charming five-bedroom, four-bath brick Colonial set on a sidewalk-lined street in Belmont’s desirable Benton Estates neighborhood. Manicured grounds, mature plantings, and an inlaid granite patio create timeless curb appeal and inviting outdoor space. A center-entrance foyer opens to gracious, light-filled living areas, including a formal living room and a renovated eat-in kitchen with a cozy breakfast nook that flows into a spacious dining area with oversized windows. The second floor offers a primary suite with a walk-in closet and private bath, plus two additional bedrooms and a newly renovated shared bath. The finished third floor includes two more bedrooms and a full bath, providing flexible space for guests, work, or hobbies. The walk-out lower level features a family room, home gym area, full bath with laundry, and generous storage. A detached two-car garage completes the property, all within easy reach of Cushing Square, local shops, and the Payson Park Reservoir.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 3,297 sq ft principal dwelling). Lot size: 6,417 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Wine Refrigerator
Neighborhood
Public Transportation • Park • Sidewalks
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First21 x 14
Beamed Ceilings, Flooring - Hardwood
Dining Room
Lvl First15 x 11
Flooring - Hardwood
Kitchen
Lvl Main,First21 x 12
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Recessed Lighting, Remodeled
Family Room
Lvl Basement21 x 15
Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Recessed Lighting
Primary Bedroom
Lvl Second15 x 15
Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second13 x 21
Bedroom 3
Lvl Second13 x 10
Closet, Flooring - Hardwood
Bedroom 4
Lvl Third15 x 13
Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
Bedroom 5
Lvl Third15 x 15
Skylight, Vaulted Ceiling(s), Closet/Cabinets - Custom Built, Flooring - Hardwood
Bathroom 1
Lvl Second13 x 8
Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Marble, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom 3
Lvl ThirdListing Agent: The Toland Team
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73550712